Compact 15m² Hostel Prices Surge by 6 Million VND: I Moved to the Outskirts for a Spacious 50m² at Just 4 Million

I once believed that paying a premium to live close to work was the smarter choice, but my perspective shifted when I discovered a spacious home in the outskirts, three times larger, yet costing only two-thirds of my previous rent.

0
250

In early August, I received a notice from my landlord: “Starting September, the rent will increase from 4.5 million to 6 million VND.” My 15m² room, though conveniently located in a small alley on Lê Thanh Nghị Street (Hai Bà Trưng District, Hanoi), suddenly felt like a burden. It had been my home for nearly three years.

The room is part of a larger house, with three rooms per floor sharing a bathroom and washing machine. The window is blocked by a neighboring wall, leaving just enough space for a single bed, a desk, and a small wardrobe. Monthly utility costs add up, but I accepted it for its proximity to work, saving me commuting time. Time is money, and renting near the city center felt like a worthwhile investment.

However, the rent hike to 6 million VND per month changed everything. I began questioning whether the convenience was still worth the cost. This amount represents a significant portion of my income, which has been declining for over a year.

I scoured the internet for new accommodations, only to find that rental prices in inner-city districts had also risen, along with the cost of living. My company’s financial situation has been unstable lately, making it uncertain if I can maintain my current income. Thus, I considered moving further out to the suburbs.

After receiving the rent increase notice, I considered moving to the suburbs. (AI-generated illustration)

One afternoon, while browsing rental websites, I found a mini apartment in Thanh Trì. It’s nearly 50m², with a breezy balcony, large windows, and close to a main road. Most importantly, the rent is only 4 million VND. The compact unit includes a living room, bedroom, kitchen, and private bathroom—formerly used as a homestay for tourists but now offered as a long-term rental due to management difficulties.

The only drawback is the basic furniture: a bed, desk, kitchenette, fridge, and clothes rack. Additional items would be needed, but for a single person, it’s sufficient.

I began seriously considering the move. The 25km commute to work, given Hanoi’s traffic, would be challenging. However, my financial situation left me no choice but to accept a two-hour daily commute in exchange for savings and reduced financial stress.

By early September, I moved into the new apartment and realized it was a wise decision. I switched to taking the bus instead of a motorbike, allowing me to relax, listen to podcasts, read, or catch up on work emails during the journey. At home, I enjoy a spacious, comfortable environment—a true sanctuary after a long day. The financial relief is significant.

Sharing my experience with friends and colleagues, I discovered many young professionals with average incomes face similar dilemmas. They must choose between high rents near work or sacrificing convenience for affordability. I once believed paying more to live close to work was wiser than opting for cheaper, farther options, but my experience has shown that it depends on individual circumstances.

Living in the suburbs, I’ve realized that longer commutes don’t necessarily mean inconvenience. Smart solutions can optimize life here. For instance, public transportation—expanded bus and metro networks connecting the outskirts to the city center—makes travel efficient and stress-free.

Instead of battling traffic, you can relax, read, or listen to music on the bus. This not only reduces commute stress but also protects your health from pollution and tension.

When renting in the suburbs, choose areas with good infrastructure, near major roads, bus stops, or vibrant communities. This ensures easy access to public transport and prevents feelings of isolation. A lively, modern community offers an experience comparable to urban living.

From my experience, some friends are now considering suburban rentals. Moving to the outskirts isn’t just a temporary solution to rising rents and stagnant incomes; it’s a natural trend in a developing society. Suburban areas will continue to improve, offering young people high-quality, affordable living options.

On a weekend morning, sipping coffee on my small balcony, I wished I’d moved sooner instead of staying in that cramped room. Now, my time at home feels more relaxing, and my quality of life has improved.

You may also like

Soaring Home Prices: A 26-Year Grind to Afford a Condo

In Vietnam, it takes an average government employee nearly 26 years of work to afford a condominium. This stark reality highlights the rapid rise in property prices, which have outpaced income growth, creating a significant disparity compared to global averages.

Hanoi Apartment Prices Skyrocket by 300%

Over the past decade, apartment prices in Hanoi have tripled, making the dream of homeownership increasingly unattainable for many.

Affordable Commercial Housing: Shaping the Future of Vietnam’s Urban Landscape

Amid rapid urbanization and the escalating demand for housing, affordable housing has emerged as a pivotal element in shaping the future of Vietnam’s major cities. This segment not only addresses the growing need for accessible living spaces but also plays a strategic role in fostering sustainable urban development. As cities expand, the focus on affordable housing ensures inclusivity, enabling a broader spectrum of residents to thrive in these dynamic metropolitan landscapes.

Flexible Financial Solutions Making THE SOLIA the Ultimate Wealth-Building Channel for Every Home

Understanding that each customer’s financial needs are unique, THE SOLIA is pioneering inclusive living and investment solutions tailored for everyone, offering flexible and innovative options.

Danang Releases 300+ Affordable Housing Units, Starting from VND 700 Million per Unit

The Danang Construction Corporation is proud to announce the release of a new residential project: Bàu Tràm Lakeside. This vibrant, eco-friendly urban development offers a unique opportunity to secure a home in an idyllic, nature-rich setting. With a focus on sustainable living and a vibrant community, Bàu Tràm Lakeside presents an exciting prospect for those seeking a harmonious balance between modern convenience and a tranquil, natural escape.